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Uxin CEO Kun Dai Targets $5 Million in Personal Share Purchases

Uxin CEO Kun Dai Targets $5 Million in Personal Share Purchases

Kun Dai, chairman and CEO of Chinese used car retailer Uxin, plans to invest up to $5 million of his own capital into company shares. Starting June 25, 2026, the 12-month acquisition program signals internal confidence despite broader market headwinds currently cooling China's new vehicle sector.

Dai framed the move as a long-term commitment to the company's valuation and strategic roadmap. Despite the recent slowdown in the wider automotive industry, he emphasized that Uxin’s data-driven model provides a competitive edge in inventory turnover that will allow the firm to gain market share as the industry consolidates.

Looking toward 2030, the company aims to operate 50 superstores and reach an annual transaction volume exceeding one million units. Dai expressed certainty that Uxin’s core shareholders remain aligned with this trajectory, viewing the current retail environment as a temporary cycle rather than a permanent barrier to the firm's growth in the massive, trillion-RMB Chinese used car market.

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